Synthetic Biology Market Analysis By Product (Core product, synthetic genes, synthetic DNA, synthetic cells, chassis organisms XNA, Enabling Product Oligonucleotide Synthesis, DNA synthesis), By Technology (DNA Sequencing, Genome Engineering, Biological Components, Integrated Systems, Bioinformatics), By Application (Agriculture, Chemicals, Bio Fuels, Healthcare, R&D, Biosecurity, Energy & Environment) And Segment Forecasts To 2020
Rising demand for synthetic biology products owing to the increasing petroleum based fuel prices is the high impact rendering driver for the growth of synthetic biology market. Introduction of advanced technologies such as enabling technologies and the development of cheap synthetic biological processes in the field of life sciences are expected to propel the growth of this market during the next six years.
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Core products such as synthetic genes, synthetic cells, synthetic DNA, chassis organisms, XNA demand and enabling products such as DNA synthesis and oligonucleotide synthesis are the product segment of this market. Enabling technology is anticipated to show the significant CAGR during the forecast period. Recent advancements related to molecular and cellular biology and increasing application of this technology to design, build and manufacture new biological systems are some drivers for the growth of this segment.
North America being the largest revenue generating segment owing to the presence of favorable government assistance and R&D practices in the field of pharmaceuticals.Asia Pacific is expected to show the fastest growth rate during the forecast period. Growing demand for synthetically modified crops and increasing awareness regarding synthetic biology products such as manipulation of life are some reasons that are unlocking the doors for the growth of synthetic biology market.Market
players
analyzed
in
this
study
include
Amyris
Inc.,
ATG:biosynthetics GmbH, Agrivida, Inc., Bayer AG, Bioneer Corporation, Algenol Biofuels Inc., Bristol-Myers Squibb, Gene Script Corporation, GeneWorks Pty Ltd., Ginkgo Bioworks, Evolva SA, Biosearch Technologies, Inc., DuPont, Inc., New England Biolabs, Cobalt Technologies, Exxon Mobil
Corporation, and others. Major market players have started to adopt various strategies to diversify its approach and launch new products in the pharmaceutical and chemical industry.
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